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The Point on the Budget Line That Reaches the Greatest

Question 52

Multiple Choice

The point on the budget line that reaches the greatest level of utility is that point where


A) the difference between the slope of the budget line and the slope of an indifference curve is greatest.
B) the budget line touches the horizontal axis.
C) the slope of the budget line equals the slope of an indifference curve.
D) the budget line touches the vertical axis.
E) an indifference curve is beyond the budget line.

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